Stocks have gotten a slight lift lately in part from the many hopes that fears over a recession are overdone. That optimism could be a little premature. However, two key indicators are flashing warning signs: income tax withholdings and corporate profits. The withholdings data show taxes taken out of worker paychecks…
When it come comes to this earnings season, the S&P 500 companies are expected to see profits drop by nearly 6%. It’s the top line of companies’ income statements that could actually be the biggest concern for all of us. Currently, third-quarter revenues are projected to fall to about 3.3%…